Central Banks
Japan's Shirakawa explains QE expansion
Bank of Japan governor Masaaki Shirakawa says the central bank’s latest round of quantitative easing was due to delay in return to price stability
MAS’s Ong says insurance industry can aid growth
Monetary Authority of Singapore deputy managing director Ong Chong Tee says Asia’s growth prospects are at risk from events in developed countries
Hildebrand and Carney vie for FSB chair
Mario Draghi relinquishes role as head of the Financial Stability Board; race is on to claim the job
Thai banks to 'scale down' operations as floods hit Bangkok
Central bank tells financial institutions to “scale down” to only essential operations in order to safeguard employees; inflation report shows contraction in Thai economy this year
BIS reviews development of macroprudential toolkits
Bank for International Settlements progress report to G-20 says macroprudential framework needs appropriate tools to limit systemic risk; provides broad definition of macroprudential
BoJ provides more scope to ease policy
Bank of Japan amends terms and conditions of asset purchase programme to enable further room for monetary easing as yen hits five-year high
Rule of thumb is inaccurate method to design reserves policy: IMF paper
Fund study says economic reforms are a more durable policy than international reserves at mitigating effects of external shocks
Cash is still king in low-value transactions: Bank of Canada paper
Bank of Canada study shows cash is still used intensively for low-value transactions due to its speed, merchant acceptance and low costs
FSB releases detail of enhanced shadow banking regulation
New report outlines approach to strengthen the oversight and regulation of the shadow banking system, details the proposed recommendations for intensifying monitoring and enhancing regulation
Iceland splits financial stability and payments department
Central Bank of Iceland splits financial stability and payments group into two distinct units to improve function; new director hired for financial stability department
Robert Jenkins appointed to interim Financial Policy Committee
Robert Jenkins approved by Treasury Committee to join interim FPC
High inflation risks further trend drift: Fed paper
Federal Reserve study shows above-average inflation levels have led to periods of uncertainty over trend inflation
Greek debt value halved after marathon EU discussions
New Europe crisis resolution deal brokered overnight in Belgium; EFSF extended, Greek debt cut, banks’ capital to rise and governance increased
Lira strengthens as Turkey cuts reserve ratio
Central Bank of Turkey continues battle with falling lira and reduces its reserve requirement ratio by 210 basis points
Governments must ‘earn’ quasi-risk-free status: BIS’s Hannoun
Bank for International Settlements deputy general manager Hervé Hannoun says advanced economy governments can earn back quasi-risk-free status through prudent fiscal policy
Interview: Yaseen Anwar
The new governor of the State Bank of Pakistan tells Yusuf Yassin about the role he wants the central bank to play in the development of physical and financial infrastructure
Indonesia announces deputy governor candidates
Four candidates named for two deputy governor posts; parliament passes bill creating new financial services authority
Stark to remain on ECB executive board until January
Jürgen Stark agrees to stay on at the European Central Bank until Jörg Asmussen’s term begins in January 2012